Global Macro Service > Research Briefings > Eurozone

ECB Watch – time to take stock before renewed action

The ECB has materially eased monetary policy over the past weeks by injecting vast amounts of liquidity into banks and financial markets. There are tentative signs that this has helped to arrest the tightening in financial conditions. Along with the sentiment boost from the upcoming lifting of lockdowns, this should allow the council a bit of time to assess the near-term outlook. But we think that further easing will be required by June or later in H2 with risks of earlier action.

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